Impact of global economic changes on Kazakhstan’s fiscal policy

The aim of this research – is to analyze key global factors, such as fluctuations in energy prices, international sanctions, changes in global trade, and global crises, as well as their impact on the budgetary policy of the country.

Methodology – the study employed various methodological approaches and analytical methods. A collection and analysis of statistical data on the revenues and expenditures of Kazakhstan’s state budget over the past five years was conducted. This approach allowed for an assessment of the influence of global economic factors, such as the COVID-19 pandemic, energy price fluctuations, and international sanctions, on the dynamics of budget indicators and the structure of budget revenues. Additionally, a content analysis of literature, including research, analytical reports, and legislative documents related to Kazakhstan's budgetary policy in the context of global economic changes, was carried out.

Research value – the originality of the study lies in the comprehensive analysis of the influence of global factors on Kazakhstan's budgetary policy, providing a holistic view of their impact and leading to practical recommendations for increasing the flexibility of budgetary policy amid global instability. This research significantly contributes to the understanding of financial planning and management mechanisms in developing countries affected by global changes. The practical value of the study lies in the development of recommendations for adjusting Kazakhstan's budgetary policy in the face of global instability.

The research findings – can be used to improve financial planning and to develop strategies for minimizing the negative consequences of global economic changes, contributing to the maintenance of financial stability and sustainable economic growth in the country.

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